Business
SLTC hosts Research and Innovation Awards Night to felicitate top achievers
Sri Lanka’s foremost corporate powered research University, Sri Lanka Technological Campus (SLTC), recently successfully concluded its Research and Innovation Awards Night – RaIN 2021 – to felicitate achievers who have won international and national recognition for research and innovation. The event was held at the SLTC Padukka Campus and was graced by Min. Namal Rajapaksa, Minister of Youth & Sports, as the Chief Guest and Minister of Trade Min. Dr. Bandula Goonewardena, Nipuna Ranawaka, Member of Parliament graced the occasion as Special Guests.
Sri Lanka Technological Campus took this opportunity to dedicate this event “Research & Innovation Awards Night – RAIN 2021″to recognize best performing researchers, staff and students, especially those who have shown exceptional performance in terms of research in the past years.
Key achievements as an institute such as publishing more than 80 plus research publications for the year 2020, being ranked as 19th in Sri Lanka in Webometrics rankings, publishing of 2 books and 5 book chapters, SLTC being the recipient of 2 major European Union (EU) research grants as a young university as well as individual performances such as publishing the Highest Impact Factor paper in Engineering & Physics – 2019 were highlighted during this event
Winners of last year’s World Invention & Trade Expo (WINTEX) International Paper Competition held in Indonesia were recognized at the event. Five teams from the School of Engineering at SLTC secured three Gold Awards, two Silver Awards & a Special Awards for Best Application of Technology in the ‘Best of the Best’ category.
In addition, 2 Performance Research Awards and 4 Emerging Young Researcher Awards were handed over to respective winners by Mr. Namal Rajapaksa while Mr. Nipuna Ranawaka MP gave away seven awards: one Certificate of Appreciation for Undergraduate Research Supervision and six Certificates of Recognition for Mentoring & Coaching Undergraduate Research & Innovation.
Speaking at the event, Founder President/CEO Eng. Ranjith Rubasinghe said: “SLTC was started in 2014 with an investment of only USD 1 million, with the single-minded intention of uplifting the quality of private-sector education in Sri Lanka. I am very proud of how the University has grown and expanded since and the many accolades distributed today, some awarded by global bodies, are a testament to how we have manifested the aforesaid intention through the uncompromised quality of education offered. Today SLTC has over 3000 students, 200 distinguished members of faculty & many state-of-the-art facilities that serve to produce highly sought after, employable & world-class graduates who will go on to become the leaders of tomorrow.”
He said that SLTC was the first University to spend over 25% of revenue on research and the only Institution to have a dedicated faculty to engage in research only and facility to liaise with affiliated foreign Universities i.e., Centre for Global Education (CGE).
Meanwhile, Minister of Youth and Sports Min. Namal Rajapaksa noted: “While free education should be protected at all costs, our system should accommodate more private sector players who can deliver to match the global standards in terms of higher education – a lot of the Universities abroad depend heavily on research; to produce competitive & competent graduates who are employable globally, we have to embrace this trend as well. I believe SLTC has so far done a tremendous job in that regard. SLTC is well poised to be not just the No 1 research University in Sri Lanka but also one of the top facilities regionally.”
One of the highlights of the evening was an act by the Sri Lankan indigenous (Veddah) community for which the introduction was provided by music composer, award-wining vocalist & faculty member of SLTC Mr. Nadeeka Guruge. The Awards Night which was carried out adhering to health & safety guidelines was a resounding success.
Sri Lanka Technological Campus is the first research-based, residential, university with strong industry links locally & internationally offering an extensive repertoire including more than 25 degree programs of Ministry of Education & approved degrees.
Business
Ceylon Chamber Re-elects Chairperson Krishan Balendra at 187th AGM
The Ceylon Chamber of Commerce announced the re-election of Chairperson Krishan Balendra and the election of its Board for the Year 2026/27 at the Chamber’s 187 th Annual General Meeting on June 25. High Commissioner of Britain to Sri Lanka, Andrew Patrick, attended as Chief Guest.
The 2026/27 office-bearers are Chairperson Krishan Balendra, – Chairperson John Keells Holdings PLC, Vice Chairperson Bingumal Thewarathanthri – CEO, Standard Chartered Bank Sri Lanka, and Deputy Vice-Chairperson Vinod Hirdaramani – Chairman, Hirdaramani Group.
Jayanthi Dharmasena – Managing Director, Hayleys Agriculture Holdings Ltd., Kasturi Chellaraja Wilson – Chief Operating Officer, Head of APAC – 5Hour International Corporation Singapore, Shibani Thambiayah – Managing Director, Renuka Hotels PLC,Supun Weerasinghe – Director/Group CEO – Dialog Axiata PLC, and Shiran Fernando – Secretary-General and CEO will serve as Board Members. Rohana Dissanayake – Group Chairman and Managing Director of David Pieris Motor Company Pvt. Ltd. will also join the Board, replacing Bernhard Stefan – Managing Director – Nestlé Lanka PLC, who relocated overseas.
In his remarks, Balendra noted that over the past year, the Chamber adopted a more solutions-oriented approach to advocacy, focusing not only on identifying challenges but also on developing constructive recommendations in collaboration with government, industry stakeholders, and development partners, with this approach yielding stronger results. “Through our engagement in the Budget 2026 process, eighteen recommendations proposed by the Chamber were incorporated into the national budget, covering areas such as trade facilitation, investment promotion, digitalisation, infrastructure, and improving the ease of doing business.
This builds upon the strong momentum established in previous years and demonstrates the value of evidence-based, constructive engagement.
The Chamber also contributed to addressing emerging global trade challenges, including tariff-related issues affecting Sri Lankan exports. By representing private sector perspectives in Presidential Committees, we supported efforts to safeguard export competitiveness and strengthen trade resilience.”
Beyond advocacy, it significantly expanded its engagement footprint, strengthening bilateral partnerships across more than twenty countries, and supporting more than 1,800 SMEs through training, advisory services, and market access initiatives.
He added that over the next year, the Ceylon Chamber is committed to deepening engagement with members, strengthening global partnerships, enhancing support for SMEs, and accelerating efforts to promote exports and attract investment, and is committed to working with the Government and stakeholders to ensure a resilient and prosperous Sri Lanka.
Business
Kandy’s singing couple striking a harmonious chord
In the hill capital of Kandy, a husband-and-wife duo has won the admiration of music lovers with their shared passion for singing and their dedication to the art.
Vijitha Kingsley Bandara and Umesha Kalhari Navaratne have become familiar voices among audiences in Kandy, entertaining crowds with their musical talents while building a reputation as a versatile singing couple.
Kingsley began his musical journey at the age of 17, performing at outdoor musical shows before gaining opportunities to showcase his talent at several hotels in the Kandy area. His performances for local and foreign tourists further enhanced his reputation as a singer. He later took his musical talents overseas, entertaining audiences in several countries.
For the past 12 years, Kingsley has been engaged in singing at establishments operated by the Devon Group and The Grand Kandyan Hotel in Kandy, following an opportunity extended by Group Chairman Gamini Weeraratne.
Supporting him both in life and music, Umesha has also established herself as a singer, performing at Devon establishments. She also runs a home-based cake-making venture.
The couple, who continue to receive appreciation from music enthusiasts, said they are ready to accept invitations to perform at musical events across the country. They can be contacted on 071-1519130.
Text and Pic by SK Samaranayake
Business
ComBank unveils GIG+ for Lanka’s digital workforce
Recognising the rapid emergence of the gig economy in Sri Lanka, the Commercial Bank of Ceylon has introduced ‘ComBank GIG+’ – a specialised banking solution designed for freelancers, digital entrepreneurs, social media influencers, and individuals and businesses earning in foreign currency through overseas engagements to receive their foreign earnings, including PayPal-linked withdrawals, through a structured banking account.
ComBank GIG+ reflects a decisive shift in the country’s employment landscape, where a growing number of professionals are leveraging global digital platforms and remote work opportunities to build independent income streams. From freelance service providers operating on platforms such as Fiverr, Upwork and Freelancer.com, to content creators monetising audiences across YouTube, TikTok, Meta and X, this segment represents a dynamic and increasingly influential contributor to foreign exchange inflows.
ComBank GIG+ is tailored to meet the specific needs of these digital earners, offering account options in Sri Lanka Rupees as well as major foreign currencies including USD, EUR, GBP and AUD. The account is available to Sri Lankan citizens aged 18 and above residing in the country, as well as duly registered business entities, subject to verification of foreign currency income derived through recognised digital and remote work channels.
Commenting on the introduction of ComBank GIG+, Hasrath Munasinghe, Chief Operating Officer of Commercial Bank said: “The rise of independent digital earners represents a structural shift in how value is created and exported from Sri Lanka. With ComBank GIG+, we are establishing a banking framework that not only recognises this segment, but also integrates it more meaningfully into the formal financial system. This enables individuals and businesses operating beyond traditional employment models to build a verifiable financial track record, access formal financial services, scale their operations, and contribute more visibly to the country’s economic growth.”
The launch of ComBank GIG+ is particularly timely following Sri Lanka’s recent enablement of PayPal linked withdrawals, which has simplified the process of bringing overseas digital earnings into the country.
In addition to facilitating PayPal-linked withdrawals and foreign currency inflows, the Bank said the ComBank GIG+ account offers a range of value-added benefits including first-year fee waivers on credit cards and digital banking services, preferential foreign exchange rates for qualifying conversions into Sri Lanka Rupees, and the opportunity to establish a structured banking relationship that may support future access to financing and other financial solutions. These features are designed to enhance financial efficiency while supporting the day-to-day banking needs of digitally active customers.
By aligning its product innovation with evolving global work patterns, Commercial Bank continues to strengthen its position as a forward-looking, technology-driven institution. The introduction of ComBank GIG+ underscores the Bank’s commitment to supporting new economic segments, enhancing financial inclusion, and enabling Sri Lankan talent to participate more effectively in the global digital economy.
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